India Financial News

Reserve Bank of India sold foreign currencies worth $35.4 billion on net basis in November and December to prevent excess volatility in rupee movement amid heightened dollar outflows from local equities as foreign investors started seeking safe haven for their investments after Donald Trump's victory in the US presidential election.

Lenovo reported a 20% rise in third-quarter revenue on Thursday, as the global personal computer industry showed modest signs of recovery.

Australia continue to view the country positively as a study destination, but rising living costs and visa rule changes are shaping perceptions, according to the latest annual survey by the Australian Trade and Investment Commission (Austrade).

Rekha Gupta was appointed by BJP as the next Chief Minister of Delhi, an old video featuring her has gone viral on social media platforms, showing her vandalising mics and podium of the MCD office.

BJP’s choice for Delhi Chief Minister Rekha Gupta ticks all the boxes as far as eligibility and optics are concerned. Though there were speculations about other prominent names, she emerged as the dark horse who pipped other contenders hogging the limelight for 11 days since the Assembly election results were announced.

Microsoft has announced the launch of Majorana 1, a quantum chip that could significantly accelerate the development of practical quantum computing. The company claims it is the world’s first quantum processing unit built on a topological core, powered by a newly discovered state of matter.

Ranveer Singh as its first-ever brand superstar in a one-year endorsement deal. This marks the first time Skoda has appointed a celebrity endorser globally, breaking tradition to strengthen its presence in India, its second most important market after Europe.

Subscribe to enjoy similar stories. With Donald Trump’s return to the White House, global markets are bracing for another wave of ‘America First’ policies. His renewed emphasis on domestic manufacturing and reduced reliance on outsourcing signals a continuation of his first-term agenda.

Subscribe to enjoy similar stories. India and the United States agreed to negotiate the first tranche of a mutually beneficial multi-sector bilateral trade agreement (BTA) by late September after president Donald Trump threatened to impose reciprocal tariffs on goods from India and several other countries. As he did in his first term, Trump continues to pressure India to lower its high and protectionist import duties on several goods, including luxury goods.

visa appointment slots at high prices. This move aims to ensure that only genuine applicants can secure appointments without the need for middlemen.

Samay Raina has become one of the most Googled names in India across the past week for the wrong reasons. The comedian-influencer who landed in legal trouble and faced a huge backlash when podcast host Ranveer Allahabadia made a rather crass joke about Indian parents on his show ‘India’s Got Latent’ appears unfazed by the controversy.

Kareena Kapoor’s dietician Rujuta Diwekar recently reacted to Zerodha co-founder Nikhil Kamath’s remark on how in Singapore, no one cooked at home and ate out. He then concluded if such a culture becomes widespread in India, it would create a Golden Age for restaurateurs.

On the BSE, Superior Finlease(down 19.76 per cent), Aadi Industries Ltd.(down 10.97 per cent), Roni Households(down 10.00 per cent), Shiva Granito Export(down 9.97 per cent) and Priya Ltd(down 9.96 per cent) were among the stocks that plunged over 5 per cent during the session.

Helios Mid Cap Fund is open for subscription and will close on March 6. The scheme is an open-ended equity scheme predominantly investing in mid cap stocks.

United States is set to cut the size of its diplomatic mission in China by up to 10%, the South China Morning Post reported on Wednesday, citing people familiar with the situation.

Congress party has underlined the urgent need for professional regulation of Indian financial markets and pushed for a comprehensive overhaul of the Securities and Exchange Board of India (SEBI). The party also called for an unwavering commitment to developing global manufacturing ecosystems across various technology sectors to establish distinct niches for India.

«I remember all of us from the markets were in this very famous now, Jaipur Jamboree in December and the mood was also quite unanimous over there that the markets have run far ahead of themselves,» says Manish Chokhani, Director, Enam Holdings. The markets have taken a nasty knock. Everybody knew that this was coming. It is just that when it hit us, nobody was prepared for it. Manish Chokhani: Yes, it is true. Even I never thought that we have a bubble in the market, because the largecaps actually had not really participated. And the bubble we used to always talk of was occurring in the smallcaps and the SME type IPOs and that is where the pain has obviously been the maximum and earnings have dramatically slowed down.

On Wednesday, gold and silver settled on a weaker note in the domestic and international markets. Gold April futures contract settled at Rs 85,910 per 10 grams with a loss of 0.24% and silver March futures contract settled at Rs 96,406 per kilogram with a loss of 0.46%.